US Retirees Just Got a Huge Surprise from President Trump
"U.S. retirees may see federal tax savings of up to $450 in 2026 under a recent tax law signed by President Donald Trump, according to IRS guidance and tax policy analyses. The legislation, known as the One Big Beautiful Bill Act, includes a temporary deduction for taxpayers age 65 and older that is designed to reduce taxable income and lower the tax burden on Social Security benefits."
"Under the provision, individuals 65 or older can claim an additional $6,000 deduction on their federal tax return. Married couples in which both spouses qualify can claim up to $12,000. Eligibility is phased out at higher income levels."
https://conservativebrief....
"U.S. retirees may see federal tax savings of up to $450 in 2026 under a recent tax law signed by President Donald Trump, according to IRS guidance and tax policy analyses. The legislation, known as the One Big Beautiful Bill Act, includes a temporary deduction for taxpayers age 65 and older that is designed to reduce taxable income and lower the tax burden on Social Security benefits."
"Under the provision, individuals 65 or older can claim an additional $6,000 deduction on their federal tax return. Married couples in which both spouses qualify can claim up to $12,000. Eligibility is phased out at higher income levels."
https://conservativebrief....
02:43 PM - Jan 16, 2026
Only people mentioned by downscale in this post can reply
